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Home My WebLink AboutFinal Agenda Packet1611VE91 14atelm Regular Meeting 7th Floor -Mayor's Conference Room Thursday, November 21, 2013 R 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF SEPTEMBER 19, 2013 3. CORRESPONDENCE 4. MONTHLY STATEMENTS FOR SEPT 30 & OCT 31, 2013 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT CITY OF • September Denis Law, Mayor Terri Briere, Council Finance Committee Chair (Substitute: Don Persson, Council Finance Committee Vice -Chair) Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christensen, Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Mayor Denis Law at 2 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Ray Barilleaux and Bruce Phillips. Also in attendance: Bonnie Walton, City Clerk and Board Secretary. MOVED BY BARILLEAUX, SECONDED BY WALTON, THE PENSION BOARD APPROVE THE MINUTES OF THE JULY 18, 2013 MEETING. CARRIED. CORRESPONDENCE None. MONTHLY STATEMENT The final financial report as of July, 2013 was reviewed. Total cash/investment balance was $4,572,400.71. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY PHILLIPS, SECONDED BY WALTON, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR AUGUST AND SEPTEMBER 2013 IN THE AMOUNTS OF $15,270.11 PER MONTH TO BE PAID BY THE FIREMEN'S PENSION FUND. CARRIED. NEW BUSINESS Mr. Barilleaux reported that Jack McLaughlin died and he would notify his widow of the death benefit due from the Firemen's Pension Fund. Ms. Walton indicated that she would notify Jill Masunaga, Finance Department Representative, who was unable to attend the meeting. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:12 p.m. 3/20/2008 Minutes Firemen's Pension Board Page 2 of 2 Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board 1.1 0 4 0 0 c 3 0 0, F CITY OF • PENSION REPORTCASH & INVESTMENT ACTIVITY AS OF 1 2013 Fireman's Pension Fund Comparison of Cash and Investment Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec BEGINNING CASH/INV BALANCE $4,557,599.37 $4,556,003.05 $4,556,003 $4,344,813.77 $4,377,696.45 $4,377,696 RECEIPTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 Fire Insurance Premium Tax 0.00 128,865.67 100,000 0.00 119,667.72 100,000 Investment Interest 397.74 4,490.46 200,000 484.27 285,038.37 200,000 DISBURSEMENTS: Fire Pension 15,270.11 142,632.18 225,000 17,233.61 225,506.07 525,000 Fire Pension Medical 0.00 0.00 0 0.00 566.04 25,000 Office/Operating Supplies 0.00 0.00 475 0.00 327.38 475 Actuarial/Firemen's Pens 0.00 4,000.00 15,000 0.00 0.00 0 CASH/State Investment Pool $2,220,724.69 $2,233,878.12 $1,816,765.80 $1,833,376.31 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips & Zero Coupon Bonds 2,217,524.06 2,217,524.06 2,406,901.08 2,406,901.08 Interest Receivable 4,922.41 6,641.35 4,841.71 4.980.54 The State Investment Pool interest 0.1230% 0.1230% 0.1807% 0.1848% Note: F Investment interest posted, month end not finalized. H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2013.xls\Sep13 Page 1 11/8/2013 11 5 N 0 4 0 0 c 3 0 a, 1 .� w P, 11 bTl f� CASH & INVESTMENT ACTIVITY P. AS OF OCTOBER 31, 2013 Fireman's Pension Fund Comparison of Cash and Investment Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec BEGINNING CASH/INV BALANCE $4,542,727.00 $4,556,003.05 RECEIPTS: Fire Insurance Premium Tax 0.00 128,865.67 Investment Interest 528.25 5,018.71 DISBURSEMENTS: 200,000 225,000 Fire Pension 15,770.11 158,402.29 Fire Pension Medical 0.00 0.00 Office/Operating Supplies 0.00 0.00 Actuarial/Firemen's Pens 0.00 4,000.00 $4,556,003 $4,328,064.43 $4,377,696.45 $4,377,696 100,000 0.00 119,667.72 100,000 200,000 433.94 285,038.37 200,000 225,000 17,233.61 225,506.07 525,000 0 0.00 566.04 25,000 475 0.00 327.38 475 15,000 0.00 0.00 0 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2013.xls\Oct13 Page 1 11/15/2013 CURRENT PREVIOUS LAST YEAR LAST YEAR h ACTIVITY: MONTH MONTH CURR MO PREY MO CASH/State Investment Pool $2,205,184.64 $2,220,724.69 $1,799,744.95 $1,816,765.80 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips & Zero Coupon Bonds 2,217,524.06 2,217,524.06 2,406,901.08 2,406,901.08 Interest Receivable 5,220.60 4,922.41 5,062.89 4,841.71 TOTAL CASH AND INVESTMENTS $4,527,485,14 $4,542;727,00 $4,311',,264,76 $4,328,064,43' The State Investment Pool interest 0.1259% 0.1230% 0.1777% 0.1807% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2013.xls\Oct13 Page 1 11/15/2013 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER, 2013 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) - - BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $134.08 134.08 BERGMAN, Claudette (Widow) $53.19 53.19 CHRISTENSON, Chuck (Firefighter) $146.88 146.88 GEISSLER, Dick (Fire Chief) - GOODWIN, Kathryn Lorayne (Widow) $946.20 946.20 HAWORTH, Constance (Widow) $3,187.19 3,187.19 HURST, Gerald (Firefighter) $461.64 461.64 JONES, Evelyn M. (Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $1,371.81 1,371.81 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $399.75 399.75 PARKS -AN DREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $66.17 66.17 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,738.15 2,738.15 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,495.34 31495.34 TODD, Franklin (Firefighter) $391.16 391.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $627.44 627.44 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $15,770;11 $0.00 $15,770.11' Received funeral expenses of $500.00 per RCW 41.18.140. Prior Year Pension/Medical Payments: Total Pension Payments for October, 2012 17,233.61 Total Medical Bills Reimbursed in October, 2012 0.00 Total Expenses: Medical/Pension 17,233.61 4_SUMMARY 2013.XLS 10/8/2013 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER, 2013 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) - - BARILLEAUX, Ray (Battalion Chief) - _ BEATTEAY, Karlen (Widow) $134.08 134.08 BERGMAN, Claudette (Widow) $53.19 53.19 CHRISTENSON, Chuck (Firefighter) $146.88 146.88 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $946.20 946.20 HAWORTH, Constance (Widow) $3,187.19 3,187.19 HURST, Gerald (Firefighter) $461.64 461.64 JONES, Evelyn M. (Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $871.81 871.81 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $399.75 399.75 PARKS -AN DREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $66.17 66.17 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,738.15 2,738.15 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,495.34 3,495.34 TODD, Franklin (Firefighter) $391.16 391.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $627.44 627.44 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $15,270.11 _$0.001 $15,270.11' Prior Year Pension/Medical Payments: Total Pension Payments for November, 2012 17,233.61 Total Medical Bills Reimbursed in November, 2012 0.00 Total Expenses: Medical/Pension 17,233.61 4 -SUMMARY 2013.XLS 11/8/2013